Draft:Facctum
| Submission declined on 25 May 2025 by DoubleGrazing (talk). This submission appears to read more like an advertisement than an entry in an encyclopedia. Encyclopedia articles need to be written from a neutral point of view, and should refer to a range of independent, reliable, published sources, not just to materials produced by the creator of the subject being discussed. This is important so that the article can meet Wikipedia's verifiability policy and the notability of the subject can be established. If you still feel that this subject is worthy of inclusion in Wikipedia, please rewrite your submission to comply with these policies. This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are:
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Comment: Primary sources and routine business reporting do not establish notability per WP:NCORP. DoubleGrazing (talk) 10:44, 25 May 2025 (UTC)
| File:Facctum-logo.png | |
| Company type | Private |
|---|---|
| Industry | Financial technology, RegTech, KYC, KYB, Transaction Monitoring, Payment Screening, Fraud Detection |
| Founded | 2021 |
| Founder | Krishna Kumar Gupta |
| Headquarters | London, United Kingdom |
| Website | www |
Facctum is a London-based private regulatory technology (RegTech) company, headquartered in London, United Kingdom. Developing software for Financial crime compliance, including anti-money laundering (AML), sanctions screening, and customer due diligence.[1]
The company was founded in 2021 by Krishna Kumar (K.K.) Gupta and operates internationally with offices in the United Kingdom, Ireland, India, and the United Arab Emirates.[2][3]
History
[edit]Facctum was established in September 2021 by Krishna Kumar Gupta, a seasoned executive with over 30 years of experience in the financial services industry. Gupta's prior roles include Chief Information Officer for Barclays US Consumer Bank and Chief Data Officer for Barclays UK. He also served as Managing Director for Global Compliance Technology at Citigroup. Facctum was founded to develop technology for real-time Financial crime risk management.[3]
In 2022, Facctum states that it launched an open-access customer screening tool designed to address inefficiencies in existing compliance software.[4]Later that year, it introduced a real-time transaction screening engine aimed at improving the identification of risk in payment flows.[5]
In 2023, Facctum launched its technology in Nigeria, aiming to enhance financial crime detection capabilities for Nigerian banks.[6][7][8][9]
In 2023, Facctum partnered with NTT Data Payment Services India to implement its name screening technology for AML and counter-terrorist financing processes.[10][11][12][13]
In October 2024, Facctum partnered with Lucinity, an Iceland-based compliance platform, to develop AI-powered solutions for watchlist screening and investigations.[14][15]
Operations
[edit]Facctum operates globally, with offices in London, Bengaluru, and Pune. The company focuses on developing cloud-first, scalable solutions that integrate into clients' technology infrastructures. [3]
Recognition
[edit]In 2022, Facctum achieved ISO/IEC 27001 certification for information security management.[16]
Facctum was also shortlisted for the Fraud & Financial Crime category at the Regulation Asia Pitch! Awards in 2023.[17]
References
[edit]- ^ Grant, Anton (2022-12-12). "Facctum Launches Open API for Its Facctview Platform to Counter Financial Crime Risk". FF News | Fintech Finance. Retrieved 2025-05-24.
- ^ "Krishna Kumar GUPTA personal appointments - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Retrieved 2025-05-19.
- ^ a b c "KK Gupta - Founder & CEO at Facctum". THE ORG. Retrieved 2025-05-19.
- ^ jhaxell (2022-11-28). "Facctum launches open access version of its flagship tool". FinTech Global. Retrieved 2025-05-19.
- ^ Grant, Anton (2023-06-06). "Facctum Launches Innovative Real-time Ready Payments Screening Technology for More Effective Financial Crime Compliance". FF News | Fintech Finance. Retrieved 2025-05-19.
- ^ "New anti-financial crime technology launched: enables Nigerian banks to enhance risk detection - Facctum | AI-Powered Screening Ecosystem for Global Compliance". www.facctum.com. Retrieved 2025-05-19.
- ^ Oluka, Peter (2023-06-21). "FACCTUM in Nigeria to Ease the Pressure on Financial Crime Compliance Community - Chrisol Correia". Tech | Business | Economy. Retrieved 2025-05-19.
- ^ Michael, Chinwe (2023-05-15). "Facctum launches anti-financial crime technology to boosts banks' risks detention". Businessday NG. Retrieved 2025-05-24.
- ^ Oluka, Peter (2023-06-01). "RiskTech: FACCTUM Unveils its Anti-Financial Crime Technology in Nigeria". Tech | Business | Economy. Retrieved 2025-05-24.
- ^ "NTT Data Payment Services partners with Facctum for anti-financial crime technology – Intelligent Fin.tech". Retrieved 2025-05-19.
- ^ "NTT Data Payment Services bolsters anti-financial crime 'defences' with Facctum". Open Banking Expo. 2023-05-15. Retrieved 2025-05-19.
- ^ Muhn (@julieschicktanz), Julie (2023-05-17). "NTT Data Payment Services Taps Facctum to Stop Financial Crime". Finovate. Retrieved 2025-05-19.
- ^ Dojan, Sorin-Andrei (2023-05-16). "NTT Data Payment Services teams up with Facctum, adopts anti-financial crime technology". Retail Banker International. Retrieved 2025-05-19.
- ^ Lucinity (2024-10-08). "Lucinity and Facctum Partner for AI-Powered, Real-Time Watchlist Screening and Investigations". GlobeNewswire News Room (Press release). Retrieved 2025-05-19.
- ^ Lucinity (2024-10-08). "Lucinity and Facctum Partner for AI-Powered, Real-Time Watchlist Screening and Investigations - Transform FinCrime Operations & Investigations with AI". lucinity.com. Retrieved 2025-05-19.
- ^ "Facctum Achieves ISO 27001 Certification". Facctum. Retrieved 2025-05-15.
- ^ "Facctum shortlisted for Fraud & Financial Crime award category at Regulation Asia Pitch! 2023 - Facctum | AI-Powered Screening Ecosystem for Global Compliance". www.facctum.com. Retrieved 2025-05-19.
External links
[edit]Category:Financial technology companies Category:Companies established in 2021 Category:Financial crime prevention Category:Companies based in London